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president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks on republicans, president obama today wrateted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cff warning business executives, the economy could take another hit if republicans cide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nati's debt ceing. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the ink of default again as part of a budget negotiation, i will not play that game.
president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks on republicans, president obama today wrateted up pressure on boehner. >> nobody wants...
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and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only me
and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ]...
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lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the n
lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end...
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and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. lou: congressional republicans pushing back hard against the president and democrats over the fiscalliff proposal. the white house saying that the real problem is republicans who won't give in on new taxes for top earners. my next guest sound grover norquist and his anti-tax pledge concerning. congressman nunes, it is great to have you with us. >> this little visit i timothy geithner to speaker boehner, in which he bsically says we are going to talk about stimulus -- that is pretty hard step to push or to stomachh isn't? >> yes, timothy geithner has been coming here for four years. he has come before the ways and means committee, before the budget committee. this guy has never told us the truth and we challenged them for years. the numbers don't add up, and that is the problem. he came here today and it was a waste of time. we shove the president meeting with the senate. it is
and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. lou: congressional republicans pushing back hard against the president and democrats over the fiscalliff proposal. the white house saying that the real problem is republicans who won't give in on new taxes for top earners. my next guest sound grover norquist and his anti-tax pledge...
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that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa: this is depressing topic you will make it light and happy for us somehow. >> there is nothing happy about wealth destruction that is exactly what president is doing. you raised a very important point. why is it the president's plan to fix the economic calamity specifically reinvolves hurting minority, as you point out the so-called rich? redistribution is once again the center of his proposal. it is not only immoral but impractical as well. we're talking about 1.6 dro trillion coming out of the economy, coming out of invests, not being put into new jobs and new businesses being sent to washington instead
that was house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa:...
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if boehner and obama could come together they could get within done in an hour but they have to worry about the left and right. that's why a lot of bluster. >> i think nancy pelosi will be key there will be a lot of defections on the republican side, nancy pelosi stays in the house she is a great whip. she has to convince a lot of democrats to vote yes. there are going to be been fit cuts, cuts to entitlement, otherwise republicans are not going to go along with any type of tax increase. >> greta: people make business decisions based on what they predict is going to happen. congress and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say well -- >> greta:
if boehner and obama could come together they could get within done in an hour but they have to worry about the left and right. that's why a lot of bluster. >> i think nancy pelosi will be key there will be a lot of defections on the republican side, nancy pelosi stays in the house she is a great whip. she has to convince a lot of democrats to vote yes. there are going to be been fit cuts, cuts to entitlement, otherwise republicans are not going to go along with any type of tax increase....
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. >> boehner's surprise is in part because this is a different obama he is now negotiating with. and it is not just that obama won an election. he has often compromised on his own. he has offered plans that tracked where he thought the final compromise would end up. the white house figured that by being list is us to they would win goodwill own the other side and even if they didn't, the media would come to their side realizing they sought compromise in the same place and been rebuffed by republicans. the white house does not believe that any more. probably the key lesson they took from the last couple of years is this. do not negotiate with yourself. if republicans want it cut medicare, let them propose the cuts. if they want it raise revenue through tax reform as opposed to marginal rates, let them tell you with what they want it eliminate. if they want deeper cuts to discretionary spending, let them give you a number. above all, if they don't like your policies, let them propose their own. that way if the white house does give in to hire demands, the republicans would feel lik
. >> boehner's surprise is in part because this is a different obama he is now negotiating with. and it is not just that obama won an election. he has often compromised on his own. he has offered plans that tracked where he thought the final compromise would end up. the white house figured that by being list is us to they would win goodwill own the other side and even if they didn't, the media would come to their side realizing they sought compromise in the same place and been rebuffed by...
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if you remember, math by details in the sitdown between boehner and obama last year. boehner's office wouldn't write the number 800 billion in its initial offer to the white house because they didn't want other house republicans to see that. the fact that that figure is on the table and boehner is taking to the air waives to say, you know who's going to get soaked here? the rich. is a shocking reversal of where the republican party was i agree ago. >> look at this. these are some smart conservatives. byron york in "the weekly standard," and john padora, bill kristol are all saying the republicans have to do something. they're playing a losing hand. fedoris writes, every way you look at it, the gop is trapped. republican politicians will cave and give the president most of what he wants. the only real question is, when? the answer is, probably at the worst possible time when they've done even more damage to the party's brand. governor, if you were a republican today, would you sitting down say, you know we have to eat this, deal with this top 2%, we can't be seen as ha
if you remember, math by details in the sitdown between boehner and obama last year. boehner's office wouldn't write the number 800 billion in its initial offer to the white house because they didn't want other house republicans to see that. the fact that that figure is on the table and boehner is taking to the air waives to say, you know who's going to get soaked here? the rich. is a shocking reversal of where the republican party was i agree ago. >> look at this. these are some smart...
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. >>> obama to boehner, get serious. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. the republicans have their plan, and it's great news for the rich. speaker john boehner just put it out. those at the top, the 2%, are safe. your bush tax cuts are going to keep on giving. one problem, mr. boehner, you lost. that was your position before the election, and you lost. mitt romney campaigned on keeping the tax cuts for the wealthy, and he lost. and he promised to do what john boehner is doing right now, and he lost. how about some respect for the electorate? how about seeing what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio
. >>> obama to boehner, get serious. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. the republicans have their plan, and it's great news for the rich. speaker john boehner just put it out. those at the top, the 2%, are safe. your bush tax cuts are going to keep on giving. one problem, mr. boehner, you lost. that was your position before the election, and you lost. mitt romney campaigned on keeping the...
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so like john boehner said today we're at a stalemate and not really moving forward as president obama would hope. >> all right. many thanks, katy pavlich, appreciate the rundown. >>> both president obama and speaker john boehner took turns today finger pointing on the fiscal cliff talks. take a listen to this. >> it's not acceptable to moo a me to you for members of congress to hold middle class tax cuts to hostage simply because they don't want tax rates on upper income folks to go up. >> the white house spent three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little not even $400 billion in cuts. it was not a serious proposal. >> all right. so where are we right now? even while the fate of our fragile economy hangs in the fiscal cliff balance, for that let's turn to our distinguished guests. peter goodman. he's the huffington post business editor on a former "new york times"man. we welcome back republican congresswoman nan hayworth and haddy heath, senior policy analyst with the independent women's forum. okay.
so like john boehner said today we're at a stalemate and not really moving forward as president obama would hope. >> all right. many thanks, katy pavlich, appreciate the rundown. >>> both president obama and speaker john boehner took turns today finger pointing on the fiscal cliff talks. take a listen to this. >> it's not acceptable to moo a me to you for members of congress to hold middle class tax cuts to hostage simply because they don't want tax rates on upper income...
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president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to t
president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money...
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you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word? >> peter: an old word. >> 1920s called. they weren't there. >> bill: yeah, my great aunt madeline used to say, "flabbergasted" she was 90 then. >> i was waiting for him to say we got beat, it was a slobberknocker. >> maybe they say that in the bar. the other thing is t flabbergasted? he has known about this plan. you can check it out. this is nothing to be flabbergasted about. this was out there long since the election and ever since. >> a non--serious proposal. the president was asking for $1.6 trillion worth of new revenue over 10 years, twice as much aziz been asking for in public. stimu
you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word?...
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the aides to boehner and obama are still there. there are times the though even this week that it will get frustrated and stop talking to each other. i'm not sure if they're talking today or taking the day off. obama said yesterday that this could get done in about a week. i think he might be right. republicans see the writing on the wall when it comes to tax increases. what they're interested in now is making sure they get spending cuts to go along with the tax increases. when obama put his additional offer, he said $1.60 trillion in tax increases and we will delay the spending cuts until next year. that was the initial offer. republicans want to make sure that the spending cuts go up and become more immediate. considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get their, although there are still obstacles. host: the $1.60 trillion and $800 billi
the aides to boehner and obama are still there. there are times the though even this week that it will get frustrated and stop talking to each other. i'm not sure if they're talking today or taking the day off. obama said yesterday that this could get done in about a week. i think he might be right. republicans see the writing on the wall when it comes to tax increases. what they're interested in now is making sure they get spending cuts to go along with the tax increases. when obama put his...
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and president obama was progress. he was feeling more optimistic and he believes the speaker and the president are trading proposals right now. liz: ok, thank you very much. dave: the boosting gdp may be short-lived. we have someone who says call it for a slowdown in the u.s. and warning of a worldwide recession is sauce -- is the moderate thing to do. you don't want to miss harry dent coming. liz: drug refills may be costing you even more money this year filling brandname prescription. you know cheaper alternatives, they may be getting even more affordable. you got to hear this story. we take any kind of prescription drugs. details straight ahead in today's speed read. b you know how panful heartburn can be. for fast, long lasting relief, use doctor recoended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relievi the pain quickly. try fast, long lasting gaviscon®. maybe you want to incorporate a business. ortect your family with a will or living trust. and you
and president obama was progress. he was feeling more optimistic and he believes the speaker and the president are trading proposals right now. liz: ok, thank you very much. dave: the boosting gdp may be short-lived. we have someone who says call it for a slowdown in the u.s. and warning of a worldwide recession is sauce -- is the moderate thing to do. you don't want to miss harry dent coming. liz: drug refills may be costing you even more money this year filling brandname prescription. you...
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deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at least. if we do a process of kind of incrementally coming from in between the two proposals, you could very easily imagine between obama and boehner on tacks is $1.2 trillion. that's where they end up on mandatory spending, 750. that wouldn't be a shocker either. boehner's opening bid here is not the bid of the side in the stronger position. it's a side desperately trying to get the press to compromise. >> now, michelle whark we don't see in the counteroffer is extension of payroll tax cut, extensi
deep in the obama boehner negotiations, they were talking about a proposal with 800 billion in revenue that would come through a somewhat tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the...
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what worries me about the boehner/obama relationship, it seems like it's almost nonexistent. they can't even shake hands at a party, for goodness sake. >> and in many ways, i blame the republicans for not coming up with a real deal, not recognizing what the voters did. at the same time, i think obama has been very, very poor at applying the personal charm and chemistry that the president can. dragging people off to camp david. and we don't know whether or not that would work. but he hasn't tried it. and when a government budget is at stake -- >> larry, they did feel offended by president obama's last offer. they felt it was so outrageous. >> it was outrageous. it was double what they saw last year. it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good point. if you go back and look. i worked for reagan years ago. reagan and tip o'neill would sit and work together. i'm not saying they'd do every detail. >>
what worries me about the boehner/obama relationship, it seems like it's almost nonexistent. they can't even shake hands at a party, for goodness sake. >> and in many ways, i blame the republicans for not coming up with a real deal, not recognizing what the voters did. at the same time, i think obama has been very, very poor at applying the personal charm and chemistry that the president can. dragging people off to camp david. and we don't know whether or not that would work. but he...
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peter: president obama and john boehner in front of cameras to make their cases in the battle over the fiscal cliff. the speaker said he is willing to move forward with negotiations in good faith after republicans rejected the president's first formal offer yesterday as being short on spending cuts, but it doesn't sound like anyone has put the brakes on the road to the coin. >> let's not kid ourselves. i am not trying to make this more difficult. i have been very guarded. i don't want to make it harder for me or the president or members of both parties to find common ground. >> this is not some run-of-the-mill debate, not about which political party can come out on top in negotiations and all of us get out of our comfort zones to make that happen. i am willing to do at and i am hopeful enough members of congress in both parties are willing to do that as well. >> the president's plan repeat his demand for $1.6 trillion over ten years on families making $250,000 a year and includes $400 billion in cuts, savings in medicare and medicaid and other entitlements over the same period. the pre
peter: president obama and john boehner in front of cameras to make their cases in the battle over the fiscal cliff. the speaker said he is willing to move forward with negotiations in good faith after republicans rejected the president's first formal offer yesterday as being short on spending cuts, but it doesn't sound like anyone has put the brakes on the road to the coin. >> let's not kid ourselves. i am not trying to make this more difficult. i have been very guarded. i don't want to...
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speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the plans that the white house has talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk to the president and to work with him, to make sure that the american people aren't disadvantaged by what's happening here in washington. >> good morning. you know, i think at this point pretty much most folks in the country and certainly in this town know where both sides are on taxes. i think we understand that. but to the speaker's point, we have not had any discussion and any specifics with this president about the real problem -- stuart: speaker boehner is
speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the...
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what i would like to hear is less out of boehner and less out of obama. if i hear that there has been a call made to representative boehner to come and speak in the white house that they will get something done. then i will start thinking about getting out. nothing until then. adam: some people say if we go over the cliff, it really is ... we still have a month or two for congress to fix things. >> if we go over the fiscal cliff, it will be bad. it will be really bad for the market. ultimately, it will make its way out. we are not solving this cliff before the end of the year. we have come to gather. we have a framework. we are here and they are there, but we will meet somewhere in the middle. i think it will be bad for the market if they work behind the curve. adam: when do they jump in if we go over the cliff? >> waited out. you will know. the first three days, at that point, start looking at getting into positions. our economy is doing better. things are pointing to growth. hopefully washington will not screw this up. if you look at these solid compani
what i would like to hear is less out of boehner and less out of obama. if i hear that there has been a call made to representative boehner to come and speak in the white house that they will get something done. then i will start thinking about getting out. nothing until then. adam: some people say if we go over the cliff, it really is ... we still have a month or two for congress to fix things. >> if we go over the fiscal cliff, it will be bad. it will be really bad for the market....
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he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a boehner loyalist. >> i fully support him. what he's trying to achieve, which is no rate increase, but try and meet the president partway on revenue. i support that. i suspect he'll negotiate a good deal. at the end of the day, he'll
he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >>...
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as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop. phil: we have come down to that range several times over the last few weeks and that is when you had highest level supply out there and you didn't really have much geopolitical risk. we start to come back to that mode so we will scale back to that level before things heat up in the middle east and we have supply crunches due to the cold weather ahead of us. >> next week we have the final fit meeting of the year. the jobs report and everything we have been seeing. phil: we will see the fed continue on the same path of that they may just maturities they are going to
as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop....
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Dec 4, 2012
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as it stands right now the white house has end kaltsed it will not respond to speaker boehner's offer unless the gop agrees to raise top marginal tax rates. the president did do a little explaining over twitter yesterday. asked, is there a minimum ratio of revenue increases to spending cuts that you're looking for or simply a balanced approach? the president responded -- don't expect 100% my budget, room to negotiate. if you include $1 trillion plus in cuts already made, rough balance between revenue and cuts does trick. i'm having a hard time translating the president's tweets. translation, i won't get everything i want but at least -- but i want at least as much in revenue as in cuts. he was asked as a homeowner, i worry deductions for homeowners are at risk. is that the case. the president replied breaks for middle class important for families and economy. if top rates don't go up, danger middle-class deductions get hit. the gop is holding middle-class taxes hostage i'm not. joining me is msnbc policy analyst and columnist for "the washington post" ezra klein. it is great to have y
as it stands right now the white house has end kaltsed it will not respond to speaker boehner's offer unless the gop agrees to raise top marginal tax rates. the president did do a little explaining over twitter yesterday. asked, is there a minimum ratio of revenue increases to spending cuts that you're looking for or simply a balanced approach? the president responded -- don't expect 100% my budget, room to negotiate. if you include $1 trillion plus in cuts already made, rough balance between...
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Nov 29, 2012
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john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid. cheryl: a busy day before the treasury secretary monitoring his movements. dennis: what is the next step in the fiscal cliff talks? 30 days left to negotiate. more posturing ahead? more progress? the senior editor at fortune magazine predicts, i remember the moment in the presidential
john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid...
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Dec 6, 2012
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president obama just responded to this. we're live in michigan tonight. >>> and it's a political battle for the ages. we'll tell you why first lady michelle obama and former president bill clinton are going head to head. you're watching "politicsnation" on msnbc. >>> i just spotted mitt romney at costco again. go ahead and return that oval rug you ordered. [ male announcer ] now's the perfect time to buy an adjustable version of the most highly recommended bed in america. the tempur-pedic ergo system. treat yourself to the ultimate sleep experience and save up to $400 during the tempur ergo savings event. plus visit tempurpedic.com for full details on our 0% apr financing with up to five years to pay. don't wait. five-year special financing ends december 10th. visit tempurpedic.com now. tempur-pedic. the most highly recommended bed in america. >>> have you joined it the "politicsnation" conversation on facebook yet? we hope you will. today everyone was speculating about what jim demint's resignation means with the tea party
president obama just responded to this. we're live in michigan tonight. >>> and it's a political battle for the ages. we'll tell you why first lady michelle obama and former president bill clinton are going head to head. you're watching "politicsnation" on msnbc. >>> i just spotted mitt romney at costco again. go ahead and return that oval rug you ordered. [ male announcer ] now's the perfect time to buy an adjustable version of the most highly recommended bed in...
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Dec 1, 2012
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his plan for bringing down the deficit, which got nothing from boehner. i like the way you are putting this. in the first term, it seemed to me that obama was very conciliatory towards republicans. he wanted to create a grand one and he learned something in his first term. for right now, he is offering them nothing. see how you like it. we tried it the other way for four years. i've gotten nothing back in return but blockage. let's try it this way and see how it goes. >> it suggests the possibility of political cover, that he makes the big offer. if this is not the godfather, if this is a used car negotiation, he is low-balling but giving plenty of cover. they get to say 1 trillion attacks as the increase. is it really an offer for nothing or is it that much more political cover that he is offering? >> i think it is more political cover. if you look at the contrast with 2010. they were in a different situation. in 2010, there were things that obama needed. he had a re-election coming up. he also wanted that big payroll tax which was essentially stimulus.
his plan for bringing down the deficit, which got nothing from boehner. i like the way you are putting this. in the first term, it seemed to me that obama was very conciliatory towards republicans. he wanted to create a grand one and he learned something in his first term. for right now, he is offering them nothing. see how you like it. we tried it the other way for four years. i've gotten nothing back in return but blockage. let's try it this way and see how it goes. >> it suggests the...
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Nov 30, 2012
11/12
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connell: if i had to make a prediction, it is in both interest of speaker boehner and president obama to come up with a solution. they will both be remembered not necessarily for january, february, arch of next year, but held the second term when. it is always tough. >> it sure does not help to start out with your first year of your second term with the economy back in recession. i think we will get a deal. we cannot get the compromise on the really big issues like bono commented. i think we will not fall over the cliff. it will be 150-175. that will take a bite out of consumer spending, ap in the first quarter. we will have a decent holiday sale. some pay back early next year. connell: thank you, stuart. i think you bring up an important point. even if we solve this, you will see higher taxes lower spending. some tough news from microsoft that came out today. the company will cut its order of the new surface tablet that we have talked about from 4 million units to 2 million units. this is all because of weak demand. it runs on a result eight. they continue to see very weak demand for
connell: if i had to make a prediction, it is in both interest of speaker boehner and president obama to come up with a solution. they will both be remembered not necessarily for january, february, arch of next year, but held the second term when. it is always tough. >> it sure does not help to start out with your first year of your second term with the economy back in recession. i think we will get a deal. we cannot get the compromise on the really big issues like bono commented. i think...
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Dec 6, 2012
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for rolling over as he saw it on the deal with obama. >> everybody is playing this down. i don't. eric ericsson wrote his supporters an e-mail saying this, without jim demint we would most likely not presently have in the united states senate pat tomby, rand paul, mike lee, marco rubio, jeff flake, ron johnson, ted cruz. we had not have a republican establishment that worries that conservatives might actually primary them. de menthe also had backed candidates who went on to lose their general elections. richard mourdock in indiana, christine o'donnell in delaware, ken buck out in colorado. bob, i'm going to back to this again. when the chief ramrod of the rift wing senate candidates leaves the post, who would replace him? how is this good news for the right? >> look, i'm not saying whether it's good news or bad news, i'm tell you what i think his calculation is. his calculation is he can be more of a free agent. i think he will get very involved in primaries, he will push hard right issues. i wish him well because the candidates e succeeded in nominating have quite often
for rolling over as he saw it on the deal with obama. >> everybody is playing this down. i don't. eric ericsson wrote his supporters an e-mail saying this, without jim demint we would most likely not presently have in the united states senate pat tomby, rand paul, mike lee, marco rubio, jeff flake, ron johnson, ted cruz. we had not have a republican establishment that worries that conservatives might actually primary them. de menthe also had backed candidates who went on to lose their...
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Dec 3, 2012
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speaker boehner sums up with where things are with the word of the week, nowhere. a big fight brewing over republicans ratifying a u.n. treaty to help people with disabilities that's based on a u.s. law signed by a republican president. find out how a republican attorney general plan to overcome the opposition. >> president obama pile on praise that sounds like anything but. a farewell for hillary clinton. i'm fighting a fiscal cough, so pardon that. if it's always darkest. it's clear the white house-re house-republican leaders, both sides appear to be very far apart, saluting kennedy center honorees from dustin hoffman to led zeppelin and hitting the golf links with former president bill clinton. the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget t
speaker boehner sums up with where things are with the word of the week, nowhere. a big fight brewing over republicans ratifying a u.n. treaty to help people with disabilities that's based on a u.s. law signed by a republican president. find out how a republican attorney general plan to overcome the opposition. >> president obama pile on praise that sounds like anything but. a farewell for hillary clinton. i'm fighting a fiscal cough, so pardon that. if it's always darkest. it's clear the...
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Nov 30, 2012
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i don't get a sense from obama and boehner there is any compromise at this point. >> well, not now. this may be the week to shout at each other. maybe the it next two weeks are the weeks to get beyond shouting and come together. i think you're right on the dynamic. this in the end everybody seems to agree a deal with boehner. others are players. those are the two main players and they have to figure out how to get things done. tracy: like war of the roses. gerry seib, washington bureau chief of "the wall street journal." thank you, gerry. good stuff. >> thank you very much. ashley: coming up stunning new numbers where america's tax burden hits the hardest. liz macdonald will be here next with that story. tracy: ashley mentioned it earlier, drought conditions turning worse around the country. how will it impact your grocerisy bill if it isn't high enough? as we do every time this time of day see how oil is trading. up slightly. $88.91 a barrel. we'll be right back tracy: so president obama continuing to push tax hikes on the rich as part of the big fiscal cliff deal but will raising
i don't get a sense from obama and boehner there is any compromise at this point. >> well, not now. this may be the week to shout at each other. maybe the it next two weeks are the weeks to get beyond shouting and come together. i think you're right on the dynamic. this in the end everybody seems to agree a deal with boehner. others are players. those are the two main players and they have to figure out how to get things done. tracy: like war of the roses. gerry seib, washington bureau...
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Dec 3, 2012
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but, ultimately, this is going to require an agreement between president obama, speaker boehner, senator mcconnell, senator harry reid and leader pelosi and in some sense it is going to be the two main players are president obama and speaker boehner. my concern has been this looks like campaign time and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has the mandate to do it. >>neil: part of the mandate means both sides should give a little. obviously the republican plan has a debt commission feel to it but beside that i am wondering if it and tough and i know you are
but, ultimately, this is going to require an agreement between president obama, speaker boehner, senator mcconnell, senator harry reid and leader pelosi and in some sense it is going to be the two main players are president obama and speaker boehner. my concern has been this looks like campaign time and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face...
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Dec 7, 2012
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president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that
president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the...
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Dec 5, 2012
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. >> speaker boehner's counter offer yesterday to president obama which included a mythical increase in tax revenue of $800 billion obtained by reducing or eliminating unspecified tax deductions was taken seriously by no one in the senate except republican jim demipt. speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republican
. >> speaker boehner's counter offer yesterday to president obama which included a mythical increase in tax revenue of $800 billion obtained by reducing or eliminating unspecified tax deductions was taken seriously by no one in the senate except republican jim demipt. speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to...
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Dec 4, 2012
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republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not repr
republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion...
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. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power and he has gotten his way because not only has he stamped his feet to get his way but he's also threatened people. he's done that here by saying that the tea party 2 is going to dwarf tea party 1, that's sending out a message saying, if you support any revenue increases, if you go along with compromise, we're going to get you next time around in your primary. that's what this is all about. it's an intimidation to republicans thinking about actually trying to come to some sort of deal and move forward. >> let's listen to a prediction that lindsey graham made which i think i agree with. >> i think we're going over the cliff. it's p
. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power...
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i don't think either of these men, president obama or john boehner, want to see this country go off the fiscal cliff. there's obviously too much at stake not only politically but for the lives and welfare of americans. i think that's foremost in their mind, even given all the politics. so thelma and louise, whatever conspiracy theories we see right now, they might be justified because we're at a standoff at least publicly right now as we head into december, alex. >> mike viqueira at the white house, thanks for that. >>> joining me for more front page politics, perry bacon junior and political contributor for the "washington post." perry, the president's plan is pretty ambitious. what is the strategy here? >> the strategy is to move this debate to the left. i mean, a lot of times you saw in these first four years obama would kind of start in the center on a plan and then the republicans could move to the right a little bit. in this plan, obama knows republicans don't support stimulus money. they don't support $1.6 trillion in taxes. he's saying i won the election. we're going to start wi
i don't think either of these men, president obama or john boehner, want to see this country go off the fiscal cliff. there's obviously too much at stake not only politically but for the lives and welfare of americans. i think that's foremost in their mind, even given all the politics. so thelma and louise, whatever conspiracy theories we see right now, they might be justified because we're at a standoff at least publicly right now as we head into december, alex. >> mike viqueira at the...